Pictet Asset Management Holding SA Buys 12,658 Shares of United Parcel Service, Inc. $UPS

Pictet Asset Management Holding SA grew its stake in United Parcel Service, Inc. (NYSE:UPS) by 3.2% in the 1st quarter, Holdings Channel reports. The institutional investor owned 411,966 shares of the transportation company’s stock after buying an additional 12,658 shares during the quarter. Pictet Asset Management Holding SA’s holdings in United Parcel Service were worth $40,529,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in UPS. Norges Bank bought a new stake in United Parcel Service in the 4th quarter valued at $902,446,000. Victory Capital Management Inc. boosted its stake in United Parcel Service by 72.9% in the 4th quarter. Victory Capital Management Inc. now owns 13,818,314 shares of the transportation company’s stock worth $1,370,639,000 after purchasing an additional 5,826,824 shares during the period. AQR Capital Management LLC increased its holdings in United Parcel Service by 175.7% during the 4th quarter. AQR Capital Management LLC now owns 5,200,135 shares of the transportation company’s stock worth $515,801,000 after purchasing an additional 3,314,166 shares in the last quarter. Pacer Advisors Inc. increased its holdings in United Parcel Service by 507.8% during the 4th quarter. Pacer Advisors Inc. now owns 3,244,234 shares of the transportation company’s stock worth $321,796,000 after purchasing an additional 2,710,470 shares in the last quarter. Finally, Manning & Napier Advisors LLC acquired a new stake in shares of United Parcel Service in the 4th quarter valued at about $181,951,000. Institutional investors own 60.26% of the company’s stock.

United Parcel Service Price Performance

Shares of NYSE UPS opened at $107.38 on Wednesday. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.21 and a quick ratio of 1.21. The business has a 50-day moving average of $104.66 and a 200-day moving average of $105.07. The stock has a market capitalization of $91.27 billion, a price-to-earnings ratio of 17.38, a PEG ratio of 1.72 and a beta of 1.05. United Parcel Service, Inc. has a fifty-two week low of $82.00 and a fifty-two week high of $122.41.

United Parcel Service (NYSE:UPS) last released its earnings results on Tuesday, April 28th. The transportation company reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.05. United Parcel Service had a return on equity of 35.95% and a net margin of 5.94%.The business had revenue of $21.20 billion for the quarter, compared to analyst estimates of $20.99 billion. During the same quarter in the prior year, the company posted $1.49 earnings per share. United Parcel Service’s revenue was down 1.4% on a year-over-year basis. As a group, sell-side analysts predict that United Parcel Service, Inc. will post 7.1 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Monday, May 18th were paid a dividend of $1.64 per share. The ex-dividend date was Monday, May 18th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.1%. United Parcel Service’s dividend payout ratio is currently 106.15%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on UPS. Citigroup upped their price objective on United Parcel Service from $118.00 to $127.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Susquehanna lifted their target price on United Parcel Service from $116.00 to $118.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. Evercore cut their target price on United Parcel Service from $115.00 to $113.00 and set an “in-line” rating on the stock in a research note on Wednesday, April 22nd. Weiss Ratings downgraded United Parcel Service from a “hold (c)” rating to a “sell (d+)” rating in a research report on Friday, May 8th. Finally, UBS Group decreased their price target on shares of United Parcel Service from $125.00 to $123.00 and set a “buy” rating for the company in a research note on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eleven have issued a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $110.85.

United Parcel Service Profile

United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.